The company reported standalone net profit of Rs 0.39 crore for the quarter ended September 30, 2023 as compared to Rs 0.10 crore in the same period last year, registering a year-on-year growth of 290.00 per cent.

Net revenue of the company rose substantially by 45.96 per cent at Rs 30.90 crore in July-September quarter of this fiscal as against Rs 21.17 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 50.71 per cent to Rs 29.75 crore from Rs 19.74 crore in year ago period.

Other Income grew by 51.43 per cent at Rs 0.53 crore versus (Sep'22 Rs 0.35 crore).

Operating Profit slipped by 19.58 per cent to Rs 1.15 crore as against Rs 1.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.89 per cent in September quarter.

Interest grew by 115.38 per cent y-o-y to Rs 0.28 crore, while Taxation increased by 225.00 per cent at Rs 0.13 crore (Sep'22 Rs 0.04 crore).